Federal authorities have opened an investigation into a now-bankrupt South Bay investment firm amid allegations that the company bilked as much as $50 million from as many as 1,500 investors throughout California. Although the U.S.

Federal authorities have opened an investigation into a now-bankrupt South Bay investment firm amid allegations that the company bilked as much as $50 million from as many as 1,500 investors throughout California. Although the U.S.

The Red Onion restaurant chain has closed its 10 remaining locations, but the company's trustee said Tuesday that branches of the chain may soon reopen under individual owners. The remaining branches were shut down Monday, and 900 employees were laid off after a deal fell through to sell the chain's parent company, International Onion Inc. of West Covina, said Jeffrey Coyne, the bankruptcy trustee.

The Red Onion restaurant chain has closed its 10 remaining locations, but the company's trustee said Tuesday that branches of the chain may soon reopen under individual owners. The remaining branches were shut down Monday, and 900 employees were laid off after a deal fell through to sell the chain's parent company, International Onion Inc. of West Covina, said Jeffrey Coyne, the bankruptcy trustee.

Foothill Independent Bancorp has named Cheryl Brown president of Platinum Results Inc., a subsidiary of the Glendora-based Foothill holding company of Foothill Independent Bank. The new unit provides back-room services to other financial institutions as well as data access and management services. Brown was vice president and data processing manager of Foothill Independent Bank. Stuart Spencer Executive search firm Stuart Spencer has opened an office in Irvine and named Michael C.

A law professor said Tuesday that he bought a gun and a bulletproof vest after he was threatened by racing promoter Michael Goodwin, who is on trial for murder in the slaying of motor sports legend Mickey Thompson.

Golfer Arnold Palmer's car company has a shot at owning Claremont Auto World, now under the supervision of a bankruptcy trustee, if the U.S. Bankruptcy Court approves the proposed sale. Peggy Proestos, Claremont economic development director, said the city redevelopment agency has agreed to loan $750,000 to provide working capital for Arnold Palmer Automotive Group Holdings Inc., whose investors include Palmer.

Federal authorities have opened an investigation into a now-bankrupt South Bay investment firm amid allegations that the company bilked as much as $50 million from as many as 1,500 investors throughout California. Although the U.S.

Two years ago, John Condon of Woodland Hills thought he had his retirement plan all figured out. An advertising manager for a trade newspaper, Condon had saved $76,000 toward his retirement and intended to leave his job early this year. All he thought he needed was a safe IRA investment with high returns.

Take a married couple in their 30s or 40s with an annual income of at least $40,000. Give them credit card bills of $30,000. Put them behind in their mortgage payments. Where are they today? Try bankruptcy court. They are the couple next door and the family down the street. They are on the court calendar with Diamond Bar aerospace worker Joe A. Narvaez and Orange County accountant Dennis J. Zlaket.

Eight years ago, Bernard Katz found a bankrupt Orange County defense electronics firm and arranged a financial rescue so it could remain in business. He gave the company a new name with a high-tech ring: Helionetics. Today, Helionetics is bankrupt again. And the flamboyant Beverly Hills investor with a controversial past wants it back.